Mark DiGiampaolo
REALTOR®, Lic. Real Estate Salesperson
SQUARE FEET5,652
MLS#S1718227
STATUSActive
PROPERTY TYPECommercial - Business
SCHOOLHerkimer
Property Description
Excellent investment opportunity in a convenient location! This well-maintained five-unit apartment building offers a desirable mix of units, including three one-bedroom apartments, one studio, and one two-bedroom apartment. The property features a relatively new roof and has been well cared for, making it an appealing addition to any investment portfolio.All five units are currently rented, providing immediate income, while the current rents offer significant upside potential for a new owner. With rents positioned below current market potential, there is an opportunity to increase income and improve the property's overall cash flow over time.The location is hard to beat, with direct access to Herkimer College and all of the village's amenities within easy travel distance. Tenants also benefit from six dedicated parking spaces.Whether you're looking to expand your rental portfolio or seeking a property with strong potential to increase revenue, this five-unit property offers location, condition, existing income, and plenty of room for growth.
Property Features
Property Type: Commercial - Business
Heating: Gas, Forced Air
Lot Size: 0.16 Acres
Roof Type: Asphalt
Stories: 2.0
Taxes: $4,969
Year Built: 1974
Feature Descriptions
Days on Site: 1
Exterior: Block
Lot: Rectangular, Rectangular Lot
Lot Dimensions: 58X105
Parcel#: 213001-120-025-0001-004-000-0000
Sewer: Public Sewer
Utilities: Sewer Connected, Water Connected
Water: Public
Local Schools
School District: Herkimer
Listed By / Shown By
Listing By
Agency Name: Coldwell Banker Faith Properties
Agency Phone: 315-735-2222
Shown By
Agent Name: Mark DiGiampaolo
Agent Phone: (716) 887-3891
Agency Title: MJ Peterson Real Estate
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221 N Prospect Street | MLS# S1718227
This commercial property located at 221 N Prospect Street, Herkimer, NY 13350 is currently listed for sale with an asking price of $209,900. N Prospect Street is located within the Herkimer school district. Search Herkimer real estate on mdigiampaolo.mjpeterson.com today.